Community effort to make bank after the coming "big smashola"?

mikeriley said:
Just stick with what's moving.
How far did Nasdaq, S&P and Dow futures move today?

Ignore this if you don't short instruments.
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Hello mikeriley,

Yes, I agree with you buddy. I think the only way to become a millionaire very quickly is to trade the NQ and ES future markets everyday and scale up. I think investing in stocks is not worth the effort. I can take that $30,000 I will invest in one stock and trade about 30 NQ contracts in one day and make a lot of money really fast one trade and pay some bill or grow the account.

I will only stick to trading the future markets to make fast money. Investing in stocks takes too long to get rich. I do not like buying stocks. I only DCA SP500 index as a back up plan to getting rich. NQ is only on my mind.
 
Hello mikeriley,

Yes, I agree with you buddy. I think the only way to become a millionaire very quickly is to trade the NQ and ES future markets everyday and scale up. I think investing in stocks is not worth the effort. I can take that $30,000 and trade about 30 NQ contracts in one day and make a lot of money really fast one trade.

I will only stick to trading the future markets to make fast money. Investing in stocks takes too long to get rich.
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hey bro, I have not traded any stocks in 3 months!
And yes, you are absolutely correct concerning NQ..it's the BOMB.
I better be humble lest I get some bad juju.:)
 
SimpleMeLike said:
Hello Scataphagos,

I agree.

If Apple goes to 52 week low, I am going ALL in with everything I have at the moment in spare cash, then continue to dollar cost average every two months forever.
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Here's a thought...

I've noticed a HUGE volume spike when a stock drops to -90% from it's high. It's apparently the "cry uncle" dumping price for the longs to bail out and the "battle cry" for bottom pickers to step in. I can't imagine Apple losing -90%, but who knows? If not Apple, look for others.
 
mikeriley said:
hey bro, I have not traded any stocks in 3 months!
And yes, you are absolutely correct concerning NQ..it's the BOMB.
I better be humble lest I get some bad juju.:)
More...
Hello mikeriley,

Yes, we have to master the NQ daily, that is where the big money is to get rich quickly.

I got lucky in stocks back in 2009 during the market crash, when a co worker told me to buy some cheap stocks on sale. I listened, bought, hold for 2015 and paid off my student loans.

Only buy stocks when the world is near coming to an end and many people getting laid off like Warren Buffet and Charlie Munger.

Meanwhile, NQ is how to get rich.
 
Hello mikeriley,

Yes, we have to master the NQ daily, that is where the big money is to get rich quickly.

I got lucky in stocks back in 2009 during the market crash, when a co worker told me to buy some cheap stocks on sale. I listened, bought, hold for 2015 and paid off my student loans.

Only buy stocks when the world is near coming to an end and many people getting laid off like Warren Buffet and Charlie Munger.

Meanwhile, NQ is how to get rich.
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I wish I could say the same, but I cant. I got raped
trading BNB and NOK back in the day. One of the reasons
I stay away from backtesting today.
 
Scataphagos said:
Here's a thought...

I've noticed a HUGE volume spike when a stock drops to -90% from it's high. It's apparently the "cry uncle" dumping price for the longs to bail out and the "battle cry" for bottom pickers to step in. I can't imagine Apple losing -90%, but who knows? If not Apple, look for others.
More...
Hello Scataphagos,

Yes, we have to wait until the stock drop below 52 week low and get in. This is what I do for stock buying only.

As Warren said so clearly, Buy good companies at good prices.

Good Prices = below 52 week low
Good Companies = everyone should already know what are good companies.

Dump all the money in and sell once prices gets to 52 week high. This is how we get rich.
 
mikeriley said:
I wish I could say the same, but I cant. I got raped
trading BNB and NOK back in the day. One of the reasons
I stay away from backtesting today.
More...
Hello mikeriley,

Yes, I understand, many fellow traders I know lose alot of money trying to trade stocks. We have to know when to buy the stock, only when the world near coming to an end like in March 2020, everything was on sale. We only trade the NQ for the real money.
 
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